FDJ acquires Premier Lotteries Ireland for €350m
PLI is the sole rights holder to operate the national lottery of Ireland, which will be valid for another decade till the end of 2033. The company is currently under the ownership of the Canadian investment firm Ontario Teachers’ Pension Plan and the Irish postal service An Post.
Through its latest acquisition, FDJ will be able to take advantage of the Irish operator’s rights to run the country’s national lottery. Moreover, this will be the first time the French firm will be offering its services outside of its home market, expanding its presence significantly.
The CEO of FDJ Group, Stéphane Pallez, remarked:
“We are excited to be adding PLI to our portfolio of brands, expanding our reach abroad to Ireland. This purchase is perfectly in line with our growth strategies and helps us begin our international expansion journey. We are eager to take advantage of all of the opportunities this collaboration will offer us in the near future.”
PLI’s CEO, Andrew Algeo, commented:
“This acquisition by FDJ will be providing us with support that will help us enhance the national lottery and continue delivering excellent experiences to our players in Ireland. Our team is quite eager to start collaborating with FDJ as we prepare to enter a new chapter in our journey.”
Having generated almost 400 million euros of revenue in 2022 and offering its services through more than 5 thousand retail wagering shops around Ireland, as well as online, PLI will be an excellent addition to FDJ’s brand portfolio. The acquisition is estimated to be finalized following authorization from Ireland’s gambling regulator in the second half of the year.